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Behavioral heterogeneity in the CAPM with evolutionary dynamics

Hens, Thorsten; Naebi, Fatemeh - 2022

The paper shows how the standard two-period CAPM with exogenous wealth and exogenous returns can be extended inter … missing link between the two models is given by the CAPM with heterogeneous behavior derived by Hens and Naebi (2020). This … paper delivers theoretical and empirical results for behavioral heterogeneity in the CAPM with evolutionary dynamics. As a …

Persistent link: https://www.econbiz.de/10012800950

Chapter 11. Evolutionary Game Theory in Biology

Hammerstein, Peter; Leimar, Olof - In: Handbook of game theory with economic applications : …, (pp. 575-617). 2015

This chapter reviews the origin and development of game-theoretic ideas in biology. It covers more than half a century of research and focuses on those models and conceptual advancements that are rooted in fundamental biological theory and have been exposed to substantial empirical scrutiny. The...

Persistent link: https://www.econbiz.de/10014025448

Evolutionary exploration of the finitely repeated prisoners’ dilemma : the effect of out-of-equilibrium play

Lindgren, Kristian; Verendel, Vilhelm - In: Games 4 (2013) 1, pp. 1-20

The finitely repeated Prisoners’ Dilemma is a good illustration of the discrepancy between the strategic behaviour suggested by a game-theoretic analysis and the behaviour often observed among human players, where cooperation is maintained through most of the game. A game-theoretic reasoning...

Persistent link: https://www.econbiz.de/10009753714